MNI BRIEF: BOJ's Ueda Says Weak Yen Might Prompt Action

MNI (TOKYO) - Bank of Japan Governor Kazuo Ueda said further yen weakening with inflation above 2% might prompt the BOJ to take countermeasures, according to an interview with the Nikkei published on Saturday.

Ueda made no comment as to the timing of the next rate hike and warned of major uncertainties around the U.S. economy.

“As far as wages are concerned, I would like to see what kind of momentum the fiscal 2025 spring wage offensive creates,” he added. (See MNI INTERVIEW: Ex BOJ Official Urges Faster Hikes, Eyes Dec)